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Smartworks picks up 2,70,000 sq ft in Noida on lease

Thursday, 01 Aug 2019
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Flexible office spaces provider Smartworks has picked up more than 2,70,000 sq ft in Noida, Uttar Pradesh, through a long-term lease period of over nine years. This is its largest facility with a seating capacity of 5,500 and adjacent to the Delhi-Noida Expressway.

The company has signed eight new lease agreements totalling around 6,00,000 sq ft across Bengaluru, Chennai, Pune and Noida since the beginning of 2019. Smartworks’ total footprint has touched around 2.8 million sq ft, with a total investment of USD 25 million so far.

The company expects to scale up the business in the existing cities. Around 60 percent of these facilities are operational and the remaining will go live in a month’s time. Smartworks has been growing in southern and western India since early 2019 and is expected to expand its workplace portfolio to 10 million sq ft by 2022.

Currently it has 35,000 seats spread across 23 centres in nine cities, including the national capital region (NCR), Mumbai, Bengaluru, Hyderabad, Pune, Chennai and Kolkata.

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